Courtesy of Forbes
In less than a decade, cloud computing went from a niche term used mostly by software developers to a category that powers the business world. Allowing companies cheap access to data storage and computing power without owning and managing that IT themselves has opened up the business world to a whole new range of potential. The category has become big enough that a recent Markets and Markets report predicted that cloud computing will grow to become an $800B market by 2025.
So in 2016, Forbes decided to come out with The Cloud 100, a list of the world’s top private cloud companies. In five years, it’s become an incredibly insightful look at the growth of both individual companies and the category as a whole. Of the 100 companies on The Cloud 100 this year, a whopping 87 are valued at $1 billion or more, even more impressive considering that number was 65 in 2019.
As a precursor to the main list, Forbes created The Cloud 100 Rising Stars, a look at 20 startups with the potential to make the main list in the future that over the years, has proven to be a good indicator of future success for companies in cloud computing. In five years of The Cloud 100, 16 companies listed as Rising Stars have graduated to the main list and eight of those alumni have appeared multiple times, including design software business Canva (No. 7 in 2020) and restaurant software maker Toast (No. 10).
The 2020 Cloud 100 Rising Stars:
AgentSync - Denver, CO
Creating more efficient insurers through automation.
Ambient.ai — Palo Alto, CA
Building safer and more sustainable AI environments with context and situational awareness.
cargo.one — Berlin, Germany
Marketplace for air cargo pricing and availability.
Courier — San Francisco, CA
Empowering small teams to design and deliver notifications.
Descript - San Francisco, CA
Making podcast creation tools like recording and mixing as easy as typing.
Fishtown Analytics - Philadelphia, PA
Data analytics to help disseminate organizational knowledge.
Krisp Technologies - Berkeley, CA
Noise cancelling layer between a physical microphone/speaker and conferencing apps.
Middesk - San Francisco, CA
Infrastructure layer between businesses that allows quick identity and regulatory checks.
Modern Treasury - San Francisco, CA
Allowing businesses to manage all of their own money movement.
Netdata - Athens, Greece
Real-time IT infrastructure monitoring and troubleshooting.
Resilia - New Orleans, LA
Tax, compliance, and scaling tools for nonprofits.
Roam Research - San Francisco, CA
Note-taking tool for networks and companies.
SentiLink - San Francisco, CA
Preventing synthetic fraud for financial institutions and government agencies.
strongDM - San Francisco, CA
Connecting people to infrastructure with secure database and server management.
Substack - San Francisco, CA
Allowing writers and other creatives to easily create and distribute newsletters.
tackle.io - Boise, ID
Boosting software sales in cloud marketplaces.
The Org - New York, NY
Building transparency in business as a database of company organizational charts.
Trove - San Francisco, CA
Compensation, hiring, and equity tools for small businesses.
Unioncrate - New York, NY
Supply chain platform using AI to better distribute packaged goods.
Vise - New York, NY
AI-powered investment management tool for financial advisors.
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